5 Quick Tips about Sending Money to Italy

Send money overseas with WorldRemit to take advantage of bank-beating exchange rates

Published Jun 22, 2022

By RemitFinder

About Sending Money to Italy

How to Send Money to Italy in a Few Simple Steps

Other Options to Send Money to Italy

When it comes to sending money to Italy, there are a few things you should know. In this article, we will discuss five quick tips that will help you make the process as smooth as possible. Keep in mind that these tips are general and may not apply to every situation. Be sure to do your research before making any decisions about transferring money overseas. Let's get started!

About Sending Money to Italy

Sending money to Italy is not as complicated as it may seem. With a few simple steps, you can be on your way to sending money to your loved ones in Italy. Here are five quick tips about sending money to Italy:

Tip #1: Know the exchange rate before you send money to Italy

The first thing you need to do before sending money to Italy is check the current exchange rate. This will give you an idea of how much your money is worth in Euros and how much it will cost to send a certain amount.

You can check the exchange rate online or by calling your bank. The current exchange rate can also be found on Google or XE.com. If you're sending a large amount of money, it's worth checking the rate a few days in advance to see if it changes.

Another thing to keep in mind is that the exchange rate may fluctuate depending on the time of day or week. Always compare multiple options before sending money. There are a lot of companies that offer international money transfers and each has its fees and rates.

Tip #2: Use a money transfer service

There are a lot of money transfer services available that can help you send money to Italy. All you need is the recipient's bank account information and you can send money from your bank account to theirs. This is usually the quickest and easiest way to send money.

Most banks will charge a fee for this service, but it is typically much lower than what you would pay with other methods, such as sending a check or using a wire transfer service. Another advantage of using a money transfer service is that they often have better exchange rates than banks. This means that more of your money will go to the recipient instead of being lost in conversion fees.

Tip #3: Avoid sending large sums of money in one transaction

When sending money to Italy, it is important to avoid sending large sums of money in one transaction. This can be tempting, especially if you are trying to save on fees, but it can end up costing you more in the long run. The reason for this is that banks typically charge a flat fee for international wire transfers, regardless of the amount of money being sent.

Instead, it is often better to break up your transactions into smaller amounts. This way, you will only be charged a small fee for each transfer, and you will ultimately end up saving money in the long run.

Sending a large sum of money in one transaction can attract unwanted attention from criminals and/or the Italian government as well. Instead, consider sending smaller amounts of money over some time. Another option is to use a service that allows you to send money anonymously. This can be helpful if you're worried about attracting attention from criminals or the Italian government.

Tip #4: Use a credit card with no foreign transaction fees

If you're sending money to Italy from the United States, using a credit card is one of the quickest and easiest ways to do it. However, you'll want to make sure that you use a credit card that doesn't have any foreign transaction fees. That way, you won't be charged extra for making the transaction.

Here are a few credit cards that don't have foreign transaction fees:

Chase Sapphire Preferred Card
Capital One Venture Rewards Credit Card
American Express Platinum Card

If you don't have one of these cards, don't worry; there are plenty of other options out there. Just make sure to do your research before choosing a card, so that you don't get hit with any hidden fees.

Sending money to Italy is a breeze. Just use your credit card as you would for any other purchase and the funds will be transferred instantly. Plus, you'll earn rewards points on the transaction, which is a bonus.

Tip #5: Sign up for an Italian bank account

When sending money to Italy for the first time, one of the best things you can do is sign up for an Italian bank account. This will allow you to send and receive money in Euros, which is the currency used in Italy.

There are a few different ways to sign up for an Italian bank account. You can either go through a bank in your home country that has branches in Italy or open an account with an online bank that operates in both countries. Either way, signing up for an Italian bank account is a good idea if you plan on sending or receiving money in Italy regularly.

Sending money to Italy is quick and easy. Research your options well so you get the best exchange rates and fees.

How to Send Money to Italy in a Few Simple Steps

In just a few simple steps, learn how to send money to Italy at the lowest possible cost.

1. Make sure the EUR exchange rate is in your favor before you place an order

When you transfer money on a favorable exchange rate day, you get more Euros for your money. You might find it useful to subscribe to exchange rate alerts to keep up with the Euro mid-market rate versus your currency.

2. Consider all alternatives to get the best deal

Wise, TransferGo, WorldRemit, Instarem and Skrill are just a few of the companies that offer money transfers to Italy. Make the most of your money transfer by evaluating all your alternatives and finding the best offer.

3. Choose the best service for you

Not all money transfer services are created equal. When you're looking for a provider to send money to Italy, take the time to compare your options. Consider things such as fees, exchange rates, and speed of delivery when making your decision.

4. Sign up with the company of your choice and begin your money transfer to Italy

Simply register on the money transfer provider's website (you'll need to provide an official ID and/or proof of address) and begin your transfer.

You can send money to Italy in very simple and easy steps that should take only a few minutes.

Other Options to Send Money to Italy

Did you know that there are other options? Here are a few other options worth considering when sending money to Italy:

Sending Money Online

The rise of the internet has made it possible to send money to Italy without ever leaving your home. Several online money transfer services will allow you to send money directly to a bank account in Italy.

Below are some helpful links to get you started with sending money to Italy online from some popular source countries:

When sending money online, it's important to make sure that the website is secure. Look for "HTTPS" in the URL and be sure that there is a lock icon next to it.

Sending Money by Wire Transfer

Wire transfers can take a few days to process, so if you need the money to arrive quickly, this may not be the best option. However, it is a safe and reliable way to send money.

Sending Money Using a Prepaid Debit Card

Make sure that the card doesn't have any fees associated with it. Check the exchange rate before you load money onto the card so that you know how much spending power you'll have in Italy. Another thing to keep in mind is that not all businesses in Italy will accept prepaid debit cards.

A person holding Euro currency bills of various denominations in their hand

Sending a Check

A check is a good choice if you don't have any other options. One thing to keep in mind with this method is that it can take a while for the check to arrive and clear, so it's not ideal if you need the money to be available right away.

Sending Money via an App

There are a few different apps that you can use to send money to Italy. One such popular option is Cash App, which is owned by Square. Cash App works similarly to Venmo, but there are a few differences between the two platforms.

Sending Money in Person

If you're sending a small amount of money, you may be able to do it in person. For example, if you have friends or family who live in Italy, you could ask them to take the money with them when they go to visit. This is probably the most convenient way to send money, but it's not always possible.

Sending Money through the Mail

Sending money via mail is one of the oldest means of transferring money, and many people still use it today. The money can take weeks to arrive through this technique, so it's not ideal for sending money in an emergency. Another disadvantage of this method is that it is insecure. People have been known to take money from the mail. To ensure that the money is monitored, send it in a registered letter.

There are numerous ways to send money to Italy. Based on your requirements, compare and research them before making a choice.

The Bottom Line

Keep in mind that there are different rules and regulations for each of these methods. Be sure to research before you send money to Italy so that you know what options are available to you.

Do You Need To Find the Best Remit Exchange Rate for Sending Money Internationally?

RemitFinder is an online service that helps you track remit exchange rates. By checking and comparing the latest remit exchange rates, you can get the best exchange rate for your money transfers. RemitFinder, thus, helps you to get the best return for your hard-earned money.

Find the cheapest rate to transfer your hard-earned money - visit our site or download the app on Google Play or Apple App Store now.